Loss of financial well-being in the COVID-19 pandemic: Does job stability make a difference?
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vieira2021 - p. 3
Most respondents are female and have no children. The average age is 38 years (standard deviation of 12 years). Almost half of the respondents are married or in a stable relationship. Among those with children, most have one or two children. As for financial dependents, some observe that 50.13% of respondents have dependents.
vieira2021 - p. 3
ms, from the Archuleta et al. (2013) scale and an additional item proposed in our study, with all items using five-point Likert response categories (1-Never, 2-Rarely, 3-Sometimes, 4-Often, 5-Always).
vieira2021 - p. 3
All scales showed Cronbach’s Alphas greater than 0.9 (financial well-being = 0.923, financial anxiety = 0.960, financial risk = 0.922) indicating the reliability of the scales.
vieira2021 - p. 3
The instrument was evaluated by three experts for content analysis and a pre-test was performed with ten individuals from different socio-economic profiles.
vieira2021 - p. 5
Financial anxiety (FA): the establishment of covariance between the following errors: FA1<–>FA2, FA1<–>FA8, FA2<>FA3, FA2<–>FA6, FA2<–>FA7, FA3<–>FA6, FA4<–>FA5, FA5<>FA6, FA6<–>FA7, and FA7<–>FA8.
vieira2021 - p. 5
Also, the Average Variance Extracted (AVE) of each construct was verified to evaluate the Convergent Validity (CV). Table 5 shows the results obtained that presented a value higher than that suggested by Hair et al. (2014) (> 0.5), which indicates a high integration between the observable variables of each construct
vieira2021 - p. 5
By analyzing Table 5, the values of the correlations between the constructs showed values lower than the square root of the AVE indicating the Discriminant Validity (DV) of the constructs.
vieira2021 - p. 5
Such evidence demonstrates the non-equivalence in the measurement model for both groups (with and without job stability), when presenting ∆CFI = −0.001, ∆χ 2 = 35.052 with ∆df = 20, being statistically significant (p = 0.020), showing that the models are not invariant between the groups.